CAIRR Update December 15, 2022

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CAIRR Update December 15, 2022

December 15, 2022

Summary of the Circular issued by NSE on 14/12/2022

NSE issues a circular to clarify FAQs regarding filing Shareholding Pattern report as per Regulation 31 of SEBI LODR 2015

Key Highlights

  1. In the event of demise of Promoter or Promoter Group shareholder whose shares are not yet transmitted as on the end of the quarter, the company should disclose detailed notes for the same in the shareholding pattern. Upon transmission of the shares to the legal heir(s), the company can exclude names of the Late Promoter/Promoter Group(s) individual from the forthcoming shareholding pattern.
  2. If a Promoter / Promoter Group Company gets wound up or dissolved, the Company should mention detailed note(s) while filing shareholding pattern from the forthcoming quarter.
  3. Any shareholder falling under the definition of “promoter” or “promoter group” should only be disclosed in Table II of the prescribed format.
  4. If a shareholder is falling under more than one category, then the same shall be classified in the category falling first in the order prescribed in the format.
  5. In case any shareholder category comprises of multiple sub-categories, shareholding under each sub-category needs to be separately included under the respective sub-categories.
  6. The name of the promoter can be removed only after seeking approval of Reclassification from the Exchange when these shares are transferred/sold. Meanwhile, Companies are to show the promoters/promoter group with nil shareholding till the approval for Reclassification is granted from Exchange.
  7. If Company doesn’t have Significant Beneficiary owner, in the declaration sheet the Company needs to select No.
  8. If the shareholder is a Trust or HUF, the name of the Trust or HUF can be given as the shareholder generally. However, in case of Promoter’s & Promoter’s Group, the Company needs to also enter the name of Trustee or Karta respectively in the bracket.

Click here to view NSE Circular

This circular is integrated in our free-to-use website


By | 2022-12-19T17:53:56+00:00 December 19th, 2022||0 Comments

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